Demands on Applying a Savings Account at Central Bank of India
Savings account is an useful means to save money regularly and safely. With savings account you can enjoy some benefits given by the banks such as interest on deposits and special privileges for bank clients.
In India, there are numerous banks you may choose to open a savings account such as Central Bank of India. It is a government-owned nationalized bank and is one of the oldest and largest financial banks in India located in Mumbai. The bank presently has 3,563 branches and 270 annex counters all over 27 Indian states.
In applying for a savings account in Central Bank of India, you must have the full requirements before moving to the bank. It would be better to prepare all requirements before going to the bank. You can see in the list underneath.
1. In order to verify the proof of identity of the customer, you must produce photocopies and the authentic of any one of the preceding documents:
a. Driving License
b. Voter ID Sheet
c. Passport
d. Government or Defense Card
e. PAN Sheet
f. ID card issued by a real employer
2. For proof of address, you should bring authentic and photocopy of any one of the preceding credentials:
a. Letter from any certified public authority
b. Letter from a creditable employer
c. Bank Account Statement
d. Telephone Account of charges
e. Ration Card
f. Income Tax or Wealth Tax Assessment Order
g. Salary Sheet (with address)
h. Electricity bill
3. Proof of Date of Birth
a. For Minor - Birth certificate issued by Gram Panchayat/ NAC (Notified Area Committee) /Municipal Corporation
b. For Senior Citizen- Passport/ Voter ID Card/ Driving License/ PAN Card/ Service Discharge Certificate/ PPO in case of Pensioner
4. Two current pictures (2.5 cm x 3.5 cm)
5. In case of illiterate customers, Thumb Impression (TI) to be attached and verified
6. For opening of accounts of minors, where proof of identity or address is not ready for use, should be similar with the father, mother or natural Guardian
Central Bank of India is a common bank all over India with headquarters based in Mumbai. It has various bank products provided for all banking necessities such as investments, loans, credit cards, mortgages and a lot more.
The above lists are the most ordinary demands in applying a savings account in India. Before going to the bank, you should prepare first and bring all the documents to experience a fast and easy processing of your savings account application in Central Bank of India.
About the Author
Bert Tenorio is a finance blogger who loves writing on financial management, saving, investing and banking like on how to apply a savings account at Central Bank of India, you may visit India Bank blog for quality helpful posts on saving, investing and banking.